Regulatory Alerts2020-04-28 | RESOLUCIONES DE DIRECTORIO Nº 051/2020Added · Updated
Board Resolution No. 051/2020
The Board of Directors of the Central Bank of Bolivia amends the Regulation on Payment Services, Electronic Payment Instruments, Compensation and Settlement to explicitly include operations conducted by Investment Fund Management Companies. The resolution updates definitions in Article 3 to allow for the purchase and redemption of open-end investment fund quotas via electronic payment instruments and ATMs, and adds specific definitions for 'Purchase of Quotas' and 'Participation Account'. These changes enable financial entities to offer electronic payment services for investment fund transactions, thereby facilitating greater use of electronic operations by these entities and improving services for their clients.